Provides a rebuttable presumption relating to recertification as a minority and women-owned business enterprise if there is no change in the ownership of the enterprise and no material change in the nature or management of the enterprise from the time of approval of the previous minority and women-owned business enterprise certification.

This bill establishes a rule that if a minority or women-owned business has not changed its ownership or management since its last certification, it can be recertified more easily. This means that these businesses won't have to go through the full recertification process if nothing significant has changed. It aims to streamline the process for these enterprises.

Supporters of the bill argue that it simplifies the recertification process for minority and women-owned businesses, allowing them to focus more on growth and less on bureaucratic hurdles. They believe this will encourage entrepreneurship and economic development within these communities by reducing unnecessary red tape.

Critics may argue that this bill could lead to complacency among businesses, as it allows recertification without thorough review. They might express concerns that it could undermine the integrity of the certification process and potentially allow businesses that do not genuinely meet the criteria to continue benefiting from minority and women-owned business status.